(65 ILCS 5/9-2-70) (from Ch. 24, par. 9-2-70)
Sec. 9-2-70.
The assignee of a special assessment lien may, not later than
5 years after the date of the sale and assignment of the special assessment
lien by the municipality, file a complaint to foreclose the lien. The lien
of a special assessment which has been assigned and any right of action to
foreclose the same shall not expire during the pendency of a proceeding to
foreclose the lien commenced within 5 years from the date of the sale and
assignment of the lien by the municipality. If no action is commenced
within 5 years from the date the lien is assigned by the municipality, the
lien and all right of action to enforce the same shall expire and cease to
exist.
The assignee of a special assessment lien sold or assigned on or
prior to December 31, 1957 may, not later than 5 years after the
effective date of this amendatory Act of 1975, file a complaint to
foreclose the lien. The lien of a special assessment which has
been assigned and any right of action to foreclose the same shall not
expire during the pendency of a proceeding to foreclose the lien
commenced within 5 years after the effective date of this amendatory
Act of 1975. If no action is commenced within 5 years, the lien and
all right of action to enforce the same shall expire and cease to
exist.
(Source: P.A. 79-198.)
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